Weil Gotshal, Wilson Sonsini Rep Riverbed In $1B Opnet Buy

Law360, New York (October 29, 2012, 12:24 PM EDT) -- Wireless networking company Riverbed Technology Inc. has agreed to pick up Opnet Technologies Inc. for nearly $1 billion to bulk up its existing network performance management business and extend into the applications market, the companies announced Monday.

Per the deal, California-headquartered Riverbed is offering $36.55 in cash and $6.45 in stock for each Opnet share, which it will finance with a mix of cash on hand and new debt, the company said. After the acquisition, expected to close by the end of the year, Maryland-based Opnet...
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